On 07/14/10 Sold 101016 19P for .52 after commission.
Best Case - Option Expires worthless making 2.7% return ($.52/$19.00) over 3 months or over 10% annualized.
Worst Case - Add to INTC position at a price of about $18.50 which is well below the target acquisition price of $20
Result: Stock failed to move positively despite initial good earnings. Subsequent warning coming from weak PC demand dropped the price even below the $19 exercise price. However, the stock did bounce back over the $19 by options expiration resulting in best case outcome
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